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Is 27000 the Number ?

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It's approx the 61.8 Retracement from short-term High to Low.Yeah, I'll Short another at 27 000.As Soros would say,"Build the Position." I smell KFC Zinger again...and that Botty will Burn(heh)
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19 REPLIES 19
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First down to 26500 then up to 27100 to 27300 range then down to 25000.
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fusion12321
Frequent Contributor
while your at it , whats the score for sunday ??
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My HP G62 Notebook PC...what a Lad.Love it.....Speeeeed-freak.it's begging me to Daytrade.
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Laws of momentum tells me that you might need to move this up a little - maybe another 600pts? It is going to take another macro economic kick in the goolies to swing down again. And with US bond markets rallying, indications are that insiders are betting on QE3
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Yup. Looks like a last Short at 28000 sets it up for me.And Hold.Just watch that Euro/$...1.38 releases a QUADRUPLE BOTTOM BREAKDOWN.We're getting closer.And then the Dollar Index could scream up as RISK OFF gets serious.(as the stomach turns.)
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First target 24500.
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eikona baba, we are still in our bear flag - albeit at the bottom. If you were able to pick from the top, then it is worth riding out to see if we break down. If you are looking to get in now, I say it is touch and go. We are still sitting in no mans land IMO.
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skaaptjop: I'm a Swing-trader.Not a Day-trader.Going for 8000 pts on this swing.Means,I hold.Till first target.I ignore everything else except my Lines.
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uh...that means 4 Short.At 27000.Cover-target equates to Euro/$ at 1.2850( as general area.)
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hence my point - if you are already in - cool, you have sufficient protection to absorb the rally. If you are expecting to get in now, you may as well wait for the real breakout, because the risk is either way.
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hence my point - if you are already in - cool, you have sufficient protection to absorb the rally. If you are expecting to get in now, you may as well wait for the real breakout, because the risk is either way.
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No, I almost never short - only intraday. But I am sufficiently cautious in taking out longs.
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Ja...I think I'm going to Suip the Cape in Shape.4 Cousins,here I come.
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Fredsed
Super Contributor
My sangoma advises that a big poop intervention-driven reversal is arriving within 48 hours.
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Penny_Pincher
Super Contributor
I tend to agree. Let the bad news feed the market. There's bad news basically on a weekly basis now. My suggestion, be in cash for a while and then pounce on the bargains. The skill is off course to know when the bottom has been reached.
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me thinks MTN is at a bargain
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WES
Super Contributor
Me thinks so too...What about SBK ?
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on a pe analysis, i will look at ned
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